Riverside’s Latest Investment Heats Up Northern California

The Riverside Company (Riverside), a global private equity firm focused on the smaller end of the middle market, has acquired Integrated Fire Systems (IFS) as an add-on to its fire and life safety platform, Performance Systems Integration (PSI). Based in Portland, Oregon, PSI is a leading single source provider of fire and life safety services in the Pacific Northwest, Mountain West and Northern California regions. The company provides customers with fire and life safety services including system inspection, service and monitoring, equipment and first-aid sales and cylinder repairs as well as installations for new construction and retrofits.

IFS is based in Rocklin, California, and provides repeating fire and life safety system inspection, repair, maintenance monitoring services and installations to commercial building owners and property managers in the Sacramento, California region.

“IFS is the tenth add-on to PSI under Riverside’s ownership and bolsters our presence in the Northern California region,” said Riverside Micro-Cap Fund (RMCF) Managing Partner Loren Schlachet. “The combination of IFS and PSI will open up multiple new growth opportunities for the PSI platform.”

“We’re excited to add IFS to the PSI family,” said PSI CEO Travis Everton. “We look forward to providing expanded services and support to customers in the greater Sacramento, California region and building on the strong business the team at IFS has worked hard to create over the years.”

PSI is committed to delivering high-quality customer service through it’s “single-point-of-management” compliance services for all fire and life safety installations and inspections in the Pacific Northwest and the California Bay Area. PSI also operates cylinder requalification, cylinder maintenance and fire equipment parts distribution businesses under the Fire King brand. With decades of experience in the fire and life safety industry, PSI’s mission is to help save lives by providing meaningful fire and life safety protection and training.

This is one more example of Riverside’s commitment to the Business Services industry. Riverside has invested in more than 340 platform and add-on companies in the business services sector since 1988 as part of its private equity and structured capital strategies.

“We couldn’t be more excited to add IFS to the PSI platform and strengthen our market position in the Northern California market,” said RMCF Partner John McKernan. “We will continue to pursue similar customer-focused fire protection companies with strong technicians and specializations in inspection, repair, maintenance and monitoring of fire and life safety equipment.”

Working with Schlachet and McKernan on the deal for Riverside were Senior Associate Aakeem Andrada, Associate Alex Kozan, Operating Partner Cathy Skula and Finance Director Bart Thielen. Riverside Partner, Origination, Cheryl Strom sourced the deal for Riverside.